Accounting Crossword

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Across
  1. 1. Journal: A journal where all types of business transactions are recorded.
  2. 5. (Certified Public Accountant): A professional accountant who has passed exams and met licensing requirements.
  3. 8. Entry Accounting: A method where every transaction affects at least two accounts to keep the balance.
  4. 9. Cycle The steps businesses follow to track money and prepare financial statements.
  5. 13. A business that is a separate legal entity from its owners, offering limited liability.
  6. 15. Document: Original papers like invoices or receipts that show a business transaction.
  7. 17. Business: A business that makes products from raw materials.
  8. 19. Balance: The expected side (debit or credit) that increases an account’s value.
  9. 20. of Accounts: A list of all accounts used in a business’s accounting system.
  10. 21. A paper showing that payment has been received for a product or service.
  11. 23. An entry on the left side of an account, increasing assets or expenses.
  12. 24. Year: A 12-month period used for budgeting and financial reports.
  13. 26. An entry on the right side of an account, increasing liabilities or income.
  14. 27. Proprietorship: A business owned by one person who is responsible for all its debts.
  15. 29. Year: A 12-month period from January 1 to December 31.
  16. 31. A note used to record a business transaction, often for internal use.
  17. 32. A book or system where all accounts are summarized.
  18. 33. A review of financial records to ensure they are accurate.
  19. 34. Business: A business that provides services instead of products.
Down
  1. 2. Clerk: A worker who helps manage a business’s financial records.
  2. 3. Money or assets invested in a business.
  3. 4. Accounting Firms: Companies that provide accounting services to other businesses.
  4. 6. A business owned by two or more people who share the profits and risks.
  5. 7. Business: A business that buys and sells physical goods.
  6. 10. The money a business makes after covering its costs.
  7. 11. Businesses: Companies that aim to make money for their owners.
  8. 12. Stub: A part of a check that shows payment details.
  9. 14. The process of recording transactions in the journal.
  10. 16. A bill sent by a seller to a buyer showing what was sold and how much to pa
  11. 18. Businesses: Organizations that work for a cause, not to make a profit.
  12. 22. A person who starts and runs a business.
  13. 25. Enterprise System: An economy where businesses compete with little government control.
  14. 28. The first place where business transactions are written down.
  15. 30. When a business spends more than it earns.